NGX Reports 118.95% Surge in Investment Transactions Driven by Foreign Participation
The Nigerian Exchange Limited (NGX) has announced a remarkable 118.95% month-on-month increase in total transactions for March 2025, fueled by a substantial rise in foreign portfolio investments (FPI).
Record-Breaking Transaction Growth
According to the March 2025 Foreign Portfolio Investment Report published by the Exchange, total transactions skyrocketed from N509.47 billion in February to N1.115 trillion in March. When converted to U.S. dollars, this represents an increase from $341.36 million to approximately $725.86 million.
Foreign Investors Dominate Market Activity
Foreign participation accounted for 62.74% of total transactions (N699.8 billion), significantly outpacing domestic investors who contributed just 37.26% (N415.6 billion). This marks a dramatic reversal from February, when domestic investors dominated with 91.63% of transactions.
Key Highlights of Market Performance
- Foreign inflows surged to N349.97 billion in March from N18.05 billion in February
- Foreign outflows increased to N349.92 billion from N24.6 billion
- The market recorded a modest net inflow of N50 million
Long-Term Market Trends
The NGX report reveals significant long-term growth in both domestic and foreign investments:
- Domestic market expanded from N3.5 trillion in 2007 to N4.7 trillion in 2024
- Foreign investments grew from N616 billion to N852 billion over the same period
This recent surge in foreign participation suggests a potential shift in historical investment patterns on the Nigerian exchange.
Full credit to the original publisher: Nairametrics